We study the economics of Bitcoin transaction fees in a simple static partial equilibrium model with the specificity …, letting the fee be fixed as the outcome of a decentralized competitive market cannot guarantee the very existence of Bitcoin …

We study the economics of Bitcoin transaction fees in a simple static partial equilibrium model with the specificity …, letting the fee be fixed as the outcome of a decentralized competitive market cannot guarantee the very existence of Bitcoin …

Bitcoin is a major virtual currency. Using weekly data over the 2010-2013 period, we analyze a Bitcoin investment from …, hard currencies) and alternative investments (commodities, hedge funds, real estate). Bitcoin investment has highly … low. Spanning tests confirm that Bitcoin investment offers significant diversification benefits. We show that the …

This paper provides the necessary technical background to understand basic Bitcoin operations and documents a set of … empirical regularities related to Bitcoin usage. We present the micro-structure of the Bitcoin transaction process and highlight … gambling service using Bitcoin as the method of payment. Our analysis suggests that less than 50 percent of all bitcoins in …

Bitcoin is a new kind of money, which means a digital currency which can be used for commercial purposes. Over time … used through the internet network. Bitcoin promises to its users getting high returns under conditions of low risk arising … from transactions carried out instantly, without intermediary bank and almost no fees. At this moment, Bitcoin is still an …

platforms. Bitcoin or BTC is known as a digital coin, issued for the first time in 2009 and based on a peer to peer system. The … associated with criminal financing activities. However, the legal status of Bitcoin is present in many European countries like …

potential problems with Bitcoin and propose some ideas for an alternative cryptocurrency. …This paper overviews the entire landscape of Bitcoin-like cryptocurrencies. Bitcoin has not emerged out of … cryptocurrency competition, but rather became a dominant currency as the first broad market based cryptocurrency. But there are more …

principle of cryptocurrency and electronic commerce, as well as expected economic and scientific implications of integration … cryptocurrency into economy of Russian Federation. …